...stock that i own. This movement is so irrational, it makes my head hurt.
One thing that does have me worried, however... in the conference call they mentioned that NPCC revenues are down this quarter. It was explained as being a result of lower prices, but still, you'd figure a company with a so called "break-through" technology would continue to increase their revenues in that area despite temporarily lower prices...
It's called "sell the news", my friend. Common especially in a shaky market when a good but not earth-shattering report comes out. Happens all the time to the best of companies. With the addition of the market dip today it's a non-event. Great company though, one of my favorite holdings.
as long as earnings continue on track and with their r & d behind them, eventually the eps rules and the stock will be forced higher and higher-this is typical of chinese stocks-no debt, great earnings, etc just look at pwrd and chme as examples-you can only think long term and if short term, it goes below $4, hope you have $ in reserve to take advantage
I just see this company as an R & D company going nowhere anytime soon until they develop the so called "break-through" technology. Some days I feel that they are just a bunch of smoking mirrors and the price will never move higher.